GAMBRILLS, MD. — Chevy Chase, Md.-based JBG Rosenfeld Retail, JBG's funds VI and VII, and Bethesda, Md.-based Buvermo Investments have purchased the 390,000-square-foot Village at Waugh Chapel from clients advised by Prudential Real Estate Investors for an undisclosed amount. The property, located at the intersection of Crain Highway and Waugh Chapel Road, is 96 percent leased. Tenants include Safeway, L.A. Fitness, Rite Aid, Applebee's and Cold Stone Creamery. Bill Kent and Gary Lawrence of CB Richard Ellis represented the sellers. Northwestern Mutual Life Insurance Co. provided financing for the purchase.
PASCO COUNTY, FLA. — Hawkins Construction is gearing up for a groundbreaking for the 110,000-square-foot Hays Towne Center, a shopping center located at the intersection of State Road 52 and Hays Road in Pasco County. The Tampa office of Lyman Davidson Dooley designed the project. Publix will anchor the center, which will also house Great Clips, Spa 1 Nails, Penthouse Cleaners and Hawkeye Pizza. Hays Towne Center is being developed by Haysvest LLC, which is comprised of DCT Systems Group, Shuler Properties and Dunphy Properties.
INDIANAPOLIS — Anytime Fitness has signed a lease to open a new location in downtown Indianapolis. Located within the Majestic Building at the corner of Maryland and Pennsylvania streets, the 2,000-square-foot exercise facility is slated to open in mid-February. Anytime Fitness is collaborating with Keystone Group to develop the property.
LITTLE EGG HARBOR, N.J. — Marcus & Millichap has brokered the sale of Tuckerton Commons, a retail center located in Little Egg Harbor, for $2.16 million. The property totals 9,168 square feet and was built in 2007. It is fully occupied by West Marine, AT&T and Jersey Mike's. Michael Lombardo of Marcus & Millichap's New Jersey office represented the seller, a North Carolina-based developer. Seth Pollack, also of Marcus & Millichap's New Jersey office, represented the buyer, a northern New Jersey-based investor.
KILLEEN, TEXAS — SRS Real Estate Partners has arranged the sale of The Shops at Killeen Mall, a 9,070-square-foot retail property located at 2401 E. Central Texas Expressway in Killeen. The center is fully occupied by a tenant roster that includes Verizon Wireless, FedEx Office and USAA. Jason Middlebrook of the Austin office of SRS represented the undisclosed seller. The buyer was a private trust, and the acquisition price was not disclosed.
AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a 37,767-square-foot ground lease in Austin for $3.26 million. The site, located at 7820 Burnet Road, is occupied by Comerica Bank. Mark Ruble and Jamie Medress of Marcus & Millichap's Phoenix office represented the buyer, Roddimeyer III LLC. Timothy Speck of Marcus & Millichap's Dallas office assisted in the transaction. The seller's name was not disclosed.
ATLANTA — St. Louis-based PGAV Destinations has finished designing a $110 million expansion for the Georgia Aquarium. Located at 225 Baker St. NW in Atlanta, the 84,000-square-foot expansion will house a 1.8-million gallon dolphin tank. The dolphin exhibit is expected to open in November.
READING, PA. — Marcus & Millichap has brokered the sale of the Towne Square Plaza located in at 441 Fifth Street Highway in Reading for $18.85 million. The property is anchored by Target and Giant Food. Junior anchors of the center include A.C. Moore and PetSmart. Brad Nathanson of Marcus & Millichap's Philadelphia office represented the seller, Newman Development Group, and the buyer, a joint venture between Cedar Shopping Centers and RioCan Real Estate Investment Trust. The property traded at a 8.02 percent capitalization rate.
FAYETTEVILLE AND GREENVILLE, N.C. — Carlie C's IGA has leased a 44,000-square-foot retail space from an undisclosed landlord in Cliffdale Corners. The property, located at the intersection of Cliffdale and Reilly roads in Fayetteville, formerly housed a Winn-Dixie. Drew Logan and David Allen of the Shopping Center Group's Raleigh, N.C., office represented the landlord in the 10-year lease. Logan and Allen represented both parties in Ollie's Bargain Outlet's 30,160-square-foot lease from an undisclosed landlord. Located in the Rivergate Shopping Center at the intersection of Greenville Boulevard and 10th Avenue, the space was formerly occupied by a Piggly Wiggly.
PINELLAS PARK, FLA. — Marcus & Millichap has brokered the sale of a 1,425-square-foot Church's Chicken between two undisclosed parties for $615,000. The Pinellas Park restaurant is used as a training location. Ron Schultz and John Brigel of Marcus & Millichap's Tampa, Fla., office represented the seller. Paul Bitonti and Brenton Baskin of the firm's Newport Beach, Calif., office represented the California-based buyer.